If prices were to turn, the amount of vacant property being held as investment would make a wave of forced selling more likely.

如果价格适当调整，大量空置的投资性房产极有可能掀起一轮抛售热潮。

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That does not translate into a big real estate deal, though - especially in a city where 14 percent of retail property is vacant.

然而，那却无法转化为房地产销售合同——尤其是在一个14%的商铺都空置的城市里。

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According to Dragonomics, a Beijing-based research firm, 90 million square meters of new, vacant residential property were built in 2008, equivalent to about 820,000 units.

北京研究公司龙州经讯(Dragonomics)预计，2008年中国建造了9,000万平方米的新建空置房，相当于大约82万套住房。

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Rates will also be introduced on vacant property and industry too will have to pay rates.

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What will happen to the stock portfolio, retirement accounts, the vacant beachfront property and the art pieces you bought together?

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It already did that and has, in addition to inflation, created historically high property prices, vacant apartment buildings, and debt-swollen local government financing vehicles.

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